exchange rate

noun

1. the ratio at which a unit of the currency of one country can be exchanged for that of another country.

exchange rate

noun

1. the rate at which the currency unit of one country may be exchanged for that of another

exchange rate

1. The price at which one currency can be purchased with another currency or gold. At any time, for example, one U.S. dollar can purchase a certain number of EU euros or Japanese yen.

Word History and Origins

Origin of exchange rate¹

First recorded in 1895–1900

Example Sentences

The long-term debt, which has effectively sat on the club since the Glazers bought it in 2005, remains at $650m, with the exchange rate on 30 June meaning it was £471.9m.

From BBC

The exchange rate has since improved — if you can call it improvement — to around 11,000 to the dollar.

From Los Angeles Times

Sony raised console prices in the UK and Europe earlier this year, citing high inflation and fluctuating exchange rates.

From BBC

The official exchange rate of Bolivia's currency, the bolivianos, is certainly not helping matters.

From BBC

A British trader who was jailed in the United States for allegedly manipulating foreign exchange rates has had his conviction overturned after a nine-year struggle for justice.

From BBC

Related Words

• rate of exchange